The critical observation, however, is this metric is no less correlated with actual subsequent returns than in the past. (hussmanfunds.com)
I showed that subsequent returns over the next decade tend to track the current interest rate level very closely. (awealthofcommonsense.com)
Keep in mind, household equity allocations at these levels average 10 - year subsequent returns in the neighborhood of 3.7 % annualized. (etfexpert.com)